There is indeed much truth to be found in this view of the situation. Spain has never been a great commercial nation; she
LYRIC THEATRE.
EXHIBITION HALL.
PRINCIPAL THEATRE
is, in fact, only now entering for the first time the commercial arena. No nation in Europe commenced her career on a trade basis. Conquest in the early ages was the only acknowledged industry; and the empires of Carthage, Phœnicia, Rome, Spain, and Great Britain all rose to greatness by the right of might. England was a young nation when Spain commenced to decline after centuries of conquest and supremacy, and England was ripe to receive the impression of the value of commerce as a maker and sustainer of kingdoms. Germany did not become a great power until the supremacy of trade was universally acknowledged; America was cradled in a counting house, and brought up in the atmosphere of profit and loss.
